Why Quick Commerce Is Central To Shadowfax’s Post-IPO Vision

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SUMMARY

Shadowfax plans to raise up to INR 2,000 Cr ($225 Mn), split evenly between a fresh issue and an offer-for-sale component via IPO

More than half of the proceeds will be channelled into network expansion, with around INR 562 Cr earmarked for building infrastructure and leasing new first and last-mile centres

Quick commerce is where our business growth is. Still nascent, we were able to scale this offering to 50 Lakh orders per day: Shadowfax CEO

Flipkart-backed ShadowFax is positioning itself to become the country’s…



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Why Quick Commerce Is Central To Shadowfax’s Post-IPO Vision


SUMMARY

Shadowfax plans to raise up to INR 2,000 Cr ($225 Mn), split evenly between a fresh issue and an offer-for-sale component via IPO

More than half of the proceeds will be channelled into network expansion, with around INR 562 Cr earmarked for building infrastructure and leasing new first and last-mile centres

Quick commerce is where our business growth is. Still nascent, we were able to scale this offering to 50 Lakh orders per day: Shadowfax CEO

Flipkart-backed ShadowFax is positioning itself to become the country’s…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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